XPeng Inc. Sponsored ADR (XPEV) Recently Broke Out Above the 20-Day Moving Average
XPENG(XPEV) ZACKS·2024-06-06 14:35
After reaching an important support level, XPeng Inc. Sponsored ADR (XPEV) could be a good stock pick from a technical perspective. XPEV surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than lo ...